RBL Bank Fixed Deposit

RBL Bank is a fast-growing private sector bank in the country. RBL Bank fixed deposits (FDS) offer the ‘best-in-class’ interest rates and a range of ‘exclusive’ benefits. Apart from this, there are many types of FD schemes that one can choose from such as regular fixed deposits, tax saving schemes, and flexi sure fixed deposits. Before applying for an RBL Bank FD, it is advisable to take a look at the interest rates offered across tenures.

Given below are the revised interest rates on all RBL Bank deposits for regular and senior citizens with effect from 18 June, 2018:

Tenure

Regular FD Rate
(per annum)

Senior Citizen FD Rate
(per annum)

7 days to 14 days

5.00%

5.50%

15 days to 45 days

6.00%

6.50%

46 days to 90 days

7.00%

7.50%

91 days to 240 days

7.15%

7.65%

241 days to 364 days

7.25%

7.75%

1 year to less than 2 years

7.75%

8.25%

2 years to less than 5 years

7.50%

8.00%

5 years to less than 10 years

7.25%

7.75%

10 years to 20 years

7.20%

7.70%

*Rates applicable for deposits that are less than Rs.1 crore

RBL Bank Highest FD Rates

The highest FD rate paid by RBL Bank is 7.75% p.a. for regular deposit holders. This interest rate is paid for a tenure that is from 1 year to less than 2 years.

For the same tenure mentioned above, the highest rate paid to senior citizens is 8.25% p.a.

RBL Bank Short-Term FD Rates

RBL Bank is one among the banks that pay the best interest rates even on very short tenures.

Interest can be earned in the range of 5.00% p.a. to 7.25% p.a. on such time deposit schemes.

For any deposit that is opened for 46 days to less than 1 year, interest of 7.00% p.a. and more can be earned.

For 46 days to 90 days, the bank gives deposits 7.00% p.a. and for 91 days to 240 days, the bank pays 7.15% p.a

RBL Bank Medium-Term FD Rates

The highest rate of return can be fetched on RBL Bank medium-term deposits that are from 1 year to 5 years.

The range at which interest is paid is from 7.25% p.a. to 7.75% p.a.

Returns are given out at the rate of 7.75% p.a for any investment of less than Rs.1 core, made from 1 year to less than 2 years.

For 2 years to less than 5 years, the bank will pay 7.50% p.a and for 5 years the rate is 7.25% p.a.

Generally, for a 5-year tenure, the FD chosen is the tax saving plan that offers benefits of up to Rs.1.5 lakh as per norms laid out under Section 80C of the Income Tax Act.

RBL Bank Long-Term FD Rates

RBL bank offers a good variety of long-term investment options when it comes to term deposits.

People can choose to invest for 5 years to 20 years, which is the maximum tenure.

The range of interest payment begins from 7.20% p.a. and goes up to 7.25% p.a.

RBL Bank Senior Citizen FD Rates

Those who are aged 60 years and above will be considered senior citizens and have the right to avail the perk of extra interest for all domestic FDs.

The additional interest paid will be at the rate of 0.50% p.a.

The average annual percentage rate paid to senior citizens range from 5.50% p.a. To 8.25% p.a., which is the highest paid by the bank to this category of investors.

A deposit holder will be able to fetch up to 8.00% p.a. for investing from 2 years to less than 5 years.

The percentage return is 7.50% p.a. for 46 days to 90 days, 7.65% for 91 days to 240 days, and 7.75% for 241 days to 364 days.

Senior citizens can choose a tenure that is from a minimum of 7 days to a maximum of 20 years.

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RBL Bank Fixed Deposit Reviews

I am having the fixed deposit account with the RATNAKAR BANK limited and the interest rate is around 7.25%. The minimum tenure is around an year of time and there are no charges for locker, which made me really happy. I am really happy with the RBL.

I HAVE APPLIED FOR FD IN RBL BANK, VERY POOR RESPONSE FROM PARIMAL BRANCH SIDE, AFTER MY FULL EFFORTS THEY ARE READY TO OPEN FD A/C, THEY ASK US TO FILL THE WHOLE 4-5 PAGES OF FORM. EVERY OTHER PRIVATE SECTOR BANK ARE GIVING FACILITY OF FILLING THE FORM ON BEHALF OF CLIENT AND ALSO GIVING DOOR STEP FACILITIES. THIS BOTH MAIN SERVICE FEATURES ARE MISSING HERE. POOR SERVICES. NEVER GO FOR RBL BANK

I HAVE APPLIED FOR FD IN RBL BANK, VERY POOR RESPONSE FROM PARIMAL BRANCH SIDE, AFTER MY FULL EFFORTS THEY ARE READY TO OPEN FD A/C, THEY ASK US TO FILL THE WHOLE 4-5 PAGES OF FORM. EVERY OTHER PRIVATE SECTOR BANK ARE GIVING FACILITY OF FILLING THE FORM ON BEHALF OF CLIENT AND ALSO GIVING DOOR STEP FACILITIES. THIS BOTH MAIN SERVICE FEATURES ARE MISSING HERE. POOR SERVICES. NEVER GO FOR RBL BANK

I dropped my plan of applying fixed account with Ratnakar bank due to some reasons. First thing is we have to maintain minimum 10k and it should be reduce like 500rs. Secondly they do not have that much of branches. Other wise I am happy with their service which was really good.

I have changed the plan of applying the fixed deposit with the Ratnakar Bank Limited. Rate of interest was around 8.5% to 8.75% which was okay for me and the services were okay with them because their customer service was not that much good.

It was a average experience with ratnakar bank based on the fixed deposit.After the time period of 1month the application was rejected.They have the required information for the process but still they have completed the process and returned my funds to me.

Ratnakar bank is the one who providing more interest so, I have chosen this Ratnakar bank for fixed account. But the thing is, there is no option to open the account through net banking. We have visit the bank for to deposit It would be great and helpful, if they provide on line facilities.

I just inquired about the fixed account with Ratnakar bank. They are providing good interest. They responded quickly. But I could not open fixed account with them. First thing is I did not heard much about Ratnakar bank so, I dropped my plan.

The response provided was very immediate when I have tired to open a fixed deposit with Ratnakar Bank.They have taken around 1day to open the account.The interest rate applied for the fixed deposit was quite nominal.I may recommend the service in future

The options given by online for fixed deposit from Ratnakar bank was not close to my place so with my own bank . I got the message that we get the call within 24 hours but i received only after three days.. The executive said that the collect the documents which i feel dis comfortable to handover such big amount to any one. .

The experience was really good with the Ratnakar bank limited for the fixed deposit. Facilities are good with them and I can access it very easily and the bank executives came to my place for collecting documents. Interest rate was around 7.25% and the services were good with them. Interest rate will be compounded on annually basis. The minimum lock in was around a month of time and I did it for two months of time.

I felt the Ratnakar bank branch is very far and its not approachable for opening a fixed deposit account.The interest rate applied was around 8.25% which was quite good.I dont feel they have enough branches so they can work on the same.

There is a delay in the service offered by the Ratnakar Bank executives. I am comfortable with their interest rate and the other norms offered by them. I did not receive the Kit regarding the fixed deposit account. I would suggest them to improvise their services.

Its almost 1 year back i opened this account. As I am an employee of this bank, they provided good interest rate. I feel i get good services. On line banking is user friendly and they could be upgraded to the recent technologies. The maturity instructions, fixed deposit certificate should be done through branch.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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